Romania's Competition Council will clear the sale of Telekom Romania Mobile to Vodafone and Digi most likely in the first half of the year, but conditions will be imposed on the two buyers related to the degree of coverage and signal quality, the president of the Competition Council, Bogdan Chiriţoiu, said on February 6 quoted by
Romania’s industrial and logistics real estate market continued to grow in 2024, with deliveries totaling approximately 400,000 sqm, bringing the total stock to 7.4 million sqm, according to the annual report published by Colliers. Interest from both international and local investors has increased, and major transactions, such as the expansion of retailers LPP and Deichmann, […]
Main commercial trends and financial indicators of BRD Groupe Société Générale at December 31 st , 2024 at consolidated level, according to the International Financial Reporting Standards (IFRS): Solidly supporting business growth • significant corporate financing activity (+29% YoY), fueled by impressive performance on both SMEs (+26.4% YoY) and large corporates (+31.1% YoY) • loan […]
Sarom Packaging, a leading local and regional glass packaging manufacturer, has invested over EUR 3 million in launching a new collection of wine bottles destined for premium brands. This marks the first initiative of its kind in the European market from a domestic glass packaging manufacturer, the company said. Sarom Packaging's CEO Jacques-Edouard Săvoiu said […]
Romania’s tax agency ANAF has launched an internal investigation following the publication of information alleging that several tax inspectors concealed irregularities found at controversial real estate developer Nordis. The company is targeted by a DIICOT investigation, with five people currently under preventive arrest for several corruption allegations, including Laura Vicol, the former Social...
Bucharest will add 22 more non-polluting trolleybuses to its public transport fleet, using European funds allocated through the National Recovery and Resilience Plan (PNRR), mayor Nicușor Dan announced. The total estimated cost of the project is RON 71.5 million. The procurement contract has already been published on the national electronic procurement platform (SEAP) and includes […]
Harghita County in central Romania has been awarded the title of European Region of Gastronomy for 2027 by the International Institute of Gastronomy, Culture, Arts, and Tourism (IGCAT) during a festive event held Thursday evening, February 6, in Miercurea-Ciuc. Harghita County Council president Biro Barna Botond noted that the title represents an opportunity for Harghita […]
